BitcoinMacro

Bitcoin cash, cup and handle

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After its mega pump and dump, Bitcoin cash is aiming for a second round. After doubling in a day, it aims to take another 50% increase (or 3x in a few days).

It is a clear cup and handle, with a target at 0.18BTC. However there is strong resistance between 0.14-0.16, where you can sell and buy back in lower before the final target. So if 0.12 is broken with high volume and 0.095 holds for a bit, then we could see a massive pump.

(This chart is a combination of the current 3 biggest exchanges that all accept Bitcoin Cash deposits, Bitfinex, Kraken and Bittrex. Unfortunately the HitBTC chart isn't available on tradingview).

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